EURJPY ANALYSIS
EURJPY price dropped from a key supply level on H1 & H4 at 138.163 & 137.306, which is the previous H4 bearish BOS level, to 135.100 a H1 & H4 low. Price retraced from the H1 & H4 low leaving a strong wick rejection followed by a strong rally back to the H1 & H4 minor BOS level at 136.800 & 136.500, a 140 pips move. Price continued rallying to 136.880 where it showed possible weakness and potential reversal.
Took sell entries during NYSE at 136.750 with SL at 137.050 after several failed attempts for a good entry. Setup is a drop base drop, a continuation setup and my target is at the next H1 low at 135.117.
Took sell entries during NYSE at 136.750 with SL at 137.050 after several failed attempts for a good entry. Setup is a drop base drop, a continuation setup and my target is at the next H1 low at 135.117.
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